WM < weapon speed
So you will always be able to spam with a fast weapon even with 100+ WPF
But, 150 WPF with a 100 weapon speed weapon is faster than a 100 WPF 100 weapon speed weapon.
Depends if you want to be faster than the fastest, or save skill points. I can see you are trying to save skill points for other stats and I confirm that it is a good idea if you gear yourself with a build-compatible weapon.
I can confirm the "diminishing return speed increase" of ATH when you wear heavier armor. With ultra-heavy gear you are almost as fast with 0 ATH than, say, 3 ATH. You should STF-test a char with the armor set you wish and compare with lighter-heavier sets (with same ATH or different values) and find the one with the footwork of your choice.